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SPAC · Merger completed

Pacifico Acquisition Corp.

Business combination with Caravelle Group Co., Ltd

Pacifico Acquisition Corp. is a blank-check company (SPAC) that raised $50M in its initial public offering on Sep 14, 2021, listing on Nasdaq Capital Market. It completed its business combination with Caravelle Group Co., Ltd on Dec 16, 2022; the combined company is Caravelle International Group (CACO (now HTCO)). Loeb & Loeb advised the SPAC and Reed Smith advised the underwriters on the IPO.

Caravelle Group Co., Ltd is an ocean technology firm providing carbon-neutral solutions to the traditional timber and shipping industries. It is the target of a business combination with Pacifico Acquisition Corp.

Status
Merger completed
IPO date
Sep 14, 2021
IPO size
$50M
IPO exchange
Nasdaq Capital Market
Target
Caravelle Group Co., Ltd
Announced
Apr 6, 2022
Closed
Dec 16, 2022
Combined company
Caravelle International Group (CACO (now HTCO))
SPAC counsel (IPO)
Loeb & Loeb
Underwriters' counsel (IPO)
Reed Smith

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